The document discusses the skills gap issue facing many countries and industries. It provides statistics showing that 84% of organizations report having a skills gap. Middle-skill and high-skill jobs face the largest gaps. Key reasons for the skills gap include retiring workers, insufficient training programs, and a declining interest in certain fields from young people. The skills gap can negatively impact businesses and economies by causing slower growth, lost productivity, and high training costs if left unaddressed.
Today, Asia-Pacific—and in particular the fast-emerging
nations in its midst—is once again taking centrestage in
the worldwide marketplace. This is the Asian century, and the region’s organisations—
as well as the talented individuals that lead them—
are going to need to adapt, fast.
Presentation by Dr. Craig Follins EVP, Workforce and Economic Development, Cuyahoga Community College (Cleveland,Ohio) on Workforce Development to graduate students at Cleveland State University in Ohio (2010)
The Talent Gap Crisis - Is Manufacturing Sexy Enough for the Next Generations? CBIZ, Inc.
Manufacturing employment accounts for 12.8 million jobs in the U.S. Yet, currently about 452,000 manufacturing positions remain vacant across the nation – a staggering statistic. Manufacturers saw this coming more than two decades ago as the retirement of the baby boomer generation began to impact the industry. Compounding the loss of experienced workers, the introduction of new manufacturing technologies, the industry’s persistent image problem and the cultural shift in the demand for work-life balance have catapulted the talent shortage to the industry’s top challenge.
IN THIS SUMMARY
In the years ahead, the workplace will be characterized by high degrees of demographic diversity. Today, there are four generations represented in the workforce: the Silent Generation (born between the Great Depression and the end of World War II), Baby Boomers (born between 1946 and 1962), Generation X (born between 1963 and 1980), and the Millennials (born between 1981 and 2000). To maintain productivity, organizations must learn to blend these generations. In addition, companies should attempt to increase productivity through the implementation of new and sophisticated information technology tools. Unfortunately, generational issues related to technology often go unacknowledged. Unless employees cooperate, these connected information work tools will fail. In Generation Blend, Rob Salkowitz helps readers understand the diverse relationship between different generations and technology. He provides tools that can be used to identify generational issues which affect connected information work technologies, and suggests ways to reduce or eliminate those issues.
SUBSCRIBE TODAY
http://www.bizsum.com/summaries/generation-blend
If Asia's organisations are going to access enough 'value-creating' talent to capture the opportunities that are now in view, they're going to need to embrace better, smarter talent management and attraction strategies. They will need to embrace flexibility in their workforces in order to:
Fill critical skill gaps in a timely and efficient way
Keep talent engaged and retained, even across borders
Today, Asia-Pacific—and in particular the fast-emerging
nations in its midst—is once again taking centrestage in
the worldwide marketplace. This is the Asian century, and the region’s organisations—
as well as the talented individuals that lead them—
are going to need to adapt, fast.
Presentation by Dr. Craig Follins EVP, Workforce and Economic Development, Cuyahoga Community College (Cleveland,Ohio) on Workforce Development to graduate students at Cleveland State University in Ohio (2010)
The Talent Gap Crisis - Is Manufacturing Sexy Enough for the Next Generations? CBIZ, Inc.
Manufacturing employment accounts for 12.8 million jobs in the U.S. Yet, currently about 452,000 manufacturing positions remain vacant across the nation – a staggering statistic. Manufacturers saw this coming more than two decades ago as the retirement of the baby boomer generation began to impact the industry. Compounding the loss of experienced workers, the introduction of new manufacturing technologies, the industry’s persistent image problem and the cultural shift in the demand for work-life balance have catapulted the talent shortage to the industry’s top challenge.
IN THIS SUMMARY
In the years ahead, the workplace will be characterized by high degrees of demographic diversity. Today, there are four generations represented in the workforce: the Silent Generation (born between the Great Depression and the end of World War II), Baby Boomers (born between 1946 and 1962), Generation X (born between 1963 and 1980), and the Millennials (born between 1981 and 2000). To maintain productivity, organizations must learn to blend these generations. In addition, companies should attempt to increase productivity through the implementation of new and sophisticated information technology tools. Unfortunately, generational issues related to technology often go unacknowledged. Unless employees cooperate, these connected information work tools will fail. In Generation Blend, Rob Salkowitz helps readers understand the diverse relationship between different generations and technology. He provides tools that can be used to identify generational issues which affect connected information work technologies, and suggests ways to reduce or eliminate those issues.
SUBSCRIBE TODAY
http://www.bizsum.com/summaries/generation-blend
If Asia's organisations are going to access enough 'value-creating' talent to capture the opportunities that are now in view, they're going to need to embrace better, smarter talent management and attraction strategies. They will need to embrace flexibility in their workforces in order to:
Fill critical skill gaps in a timely and efficient way
Keep talent engaged and retained, even across borders
Adapt to Survive: India Losing Money Over Not Connecting Right Talent with th...LinkedIn Talent Solutions
Study conducted by LinkedIn and PWC to uncover what’s contributing to the skills gap, and how it’s affecting recruiters, employers and economies. The study, called Adapt to Survive, analyzed millions of interactions from LinkedIn’s network of 277 million professionals and information on 2,600 employers from PwC’s Saratoga database across 11 countries. This report will give you insights on how India is faring on this spectrum.
In this ebook, you will learn what innovative colleges, students, and employers are doing with their experiential practical learning to succeed in the 21st century.
6 Skills Gap Statistics that Continue to Impact HiringBen Keylor
It’s no secret that there is a skill shortage in our country, specifically in the STEM (Science, Technology, Engineering, Mathematics) fields and middle-skill positions in manufacturing. In fact, over the next decade it’s expected that 3.5 million new manufacturing jobs need to be filled, but only 1.5 million people will have the skills necessary to do so. What other impacts will the skills gap have on hiring going forward?
With unprecedented success of recent manufactruing start-ups as GoPro and Tesla,
it is clear that global manufacturing can stage a renaissance despite of some challenges it faces.
If you wonder how you can ride the wave of cool manufacturing, be prepared to face these challenges right now.
Rarely a day goes by without news of digitisation, artificial intelligence and virtual reality impacting the workforce. Plenty of predictions have been made about the future: more jobs, different jobs, less jobs, even no jobs.
No one knows for sure what the outcome will be. Nonetheless, one thing is clear: we’re seeing the emergence of a Skills Revolution, where helping people to upskill and adapt to a fast-changing world of work will be the defining challenge of our time.
Organisations need to take immediate action and fast track the upskilling and reskilling of workers, to ensure they have the skills they need for the future. After all, while we cannot slow the rate of technological advances, we can invest in employees’ skills to increase the resilience of people and organisations.
This illuminating report looks at the impact on globalisation and how companies learn how to achieve the fine balance between global leadership and local control.
Annotated Bibliography and Essay Plan for 4 articles
- The future workforce: Here they come
- The future workplace of young Europeans. European View
- Exploring the impact of multitasking in the workplace
- Changing demographics in the workplace
White Paper: Addressing Worker Shortages in the Skilled TradesTulsa Welding School
The popularity of America’s skilled trade careers has been in steady decline for the past few generations, and industries that have relied on American workers across the country are now feeling the effects of that. While the shortage puts employers at a disadvantage, it also creates huge opportunities for newcomers to the industry. - See more at: http://www.weldingschool.com/blog/how-to/white-paper-addressing-worker-shortages-in-the-skilled-trades/
Adapt to Survive: India Losing Money Over Not Connecting Right Talent with th...LinkedIn Talent Solutions
Study conducted by LinkedIn and PWC to uncover what’s contributing to the skills gap, and how it’s affecting recruiters, employers and economies. The study, called Adapt to Survive, analyzed millions of interactions from LinkedIn’s network of 277 million professionals and information on 2,600 employers from PwC’s Saratoga database across 11 countries. This report will give you insights on how India is faring on this spectrum.
In this ebook, you will learn what innovative colleges, students, and employers are doing with their experiential practical learning to succeed in the 21st century.
6 Skills Gap Statistics that Continue to Impact HiringBen Keylor
It’s no secret that there is a skill shortage in our country, specifically in the STEM (Science, Technology, Engineering, Mathematics) fields and middle-skill positions in manufacturing. In fact, over the next decade it’s expected that 3.5 million new manufacturing jobs need to be filled, but only 1.5 million people will have the skills necessary to do so. What other impacts will the skills gap have on hiring going forward?
With unprecedented success of recent manufactruing start-ups as GoPro and Tesla,
it is clear that global manufacturing can stage a renaissance despite of some challenges it faces.
If you wonder how you can ride the wave of cool manufacturing, be prepared to face these challenges right now.
Rarely a day goes by without news of digitisation, artificial intelligence and virtual reality impacting the workforce. Plenty of predictions have been made about the future: more jobs, different jobs, less jobs, even no jobs.
No one knows for sure what the outcome will be. Nonetheless, one thing is clear: we’re seeing the emergence of a Skills Revolution, where helping people to upskill and adapt to a fast-changing world of work will be the defining challenge of our time.
Organisations need to take immediate action and fast track the upskilling and reskilling of workers, to ensure they have the skills they need for the future. After all, while we cannot slow the rate of technological advances, we can invest in employees’ skills to increase the resilience of people and organisations.
This illuminating report looks at the impact on globalisation and how companies learn how to achieve the fine balance between global leadership and local control.
Annotated Bibliography and Essay Plan for 4 articles
- The future workforce: Here they come
- The future workplace of young Europeans. European View
- Exploring the impact of multitasking in the workplace
- Changing demographics in the workplace
White Paper: Addressing Worker Shortages in the Skilled TradesTulsa Welding School
The popularity of America’s skilled trade careers has been in steady decline for the past few generations, and industries that have relied on American workers across the country are now feeling the effects of that. While the shortage puts employers at a disadvantage, it also creates huge opportunities for newcomers to the industry. - See more at: http://www.weldingschool.com/blog/how-to/white-paper-addressing-worker-shortages-in-the-skilled-trades/
This report is for managers, human resourcing and owners of technology companies, or those responsible for a technology department. The purpose of the report is to highlight ways of retaining technical talent.
Closing the Employee Skills Gap: A Framework for Future Success | Webinar 11....BizLibrary
According to the US Department of Labor July 2014 report, there are more than 9.7 million people seeking work that are unemployed. At the same time, US Bureau of Labor statistic reports there are 4.5 million unfilled job openings in the US economy.
Does a skills gap really exist in the American economy? Are there truly open jobs for which there are no qualified applicants or people to fill them? In this webinar we’ll discuss:
• Information and research about where organizations are struggling to find talent
• Practical advice, best practices, and tips to help find or nurture talent to fill both current and future skill gaps
• The business benefits of focusing on three critical areas: leadership skills, technical/professional skills, and IT/computer skills.
Why Talent Optimisation Must Be Your 2025 Imperative (Mark McKormack at Fuel5...Executive Leaders Network
Delivered at the Executive Leaders Network and Workplace X HR Leaders Event on Thursday 10th November 2022.
"Organisational resilience and workforce optimisation are now strategic imperatives in our new post-pandemic recession era. The world of work is being defined by talent shortages and the skills gaps crisis, with Reskilling, Recruiting and Retention now trending as the global HR challenges today. 80% of companies looking to future-proof their organisation need to understand their workforce better and tap into the fast-growing talent marketplace (SHRM). Join us as we enter the era of Talent Optimisation, where talents and skills will be your differentiator."
El estudio Global Talent Trends 2019 de Mercer, presentado en el PAD-Escuela de Dirección, muestra las principales tendencias en gestión del talento a nivel mundial para este año. Está basado en el aporte de más de 7300 líderes de RR.HH. de todo el mundo.
In this presentation we will discuss practical advice, best practices, and tips to help find or nurture talent to fill both current and future skill gaps.
Etude PwC pour Linkedin sur le coût de l'inadéquation des compétences (2014)PwC France
http://pwc.to/1fj0jvd
PwC a réalisé pour LinkedIn l’étude « Adapt to Survive », qui recoupe pour la première fois certaines informations des profils des membres du réseau LinkedIn dans 11 pays et les données issues de 2600 entreprises étudiées par PwC Saratoga, l’une des principales bases de données RH au niveau mondial.
L’étude montre ainsi que la faible adaptabilité des compétences – difficulté des personnes à se former à de nouveaux savoir-faire ou à changer de secteur d’activité – coûte à l’économie mondiale 150 milliards de dollars en manque de productivité et renchérit les coûts de recrutement.
Une analyse qui permet à PwC de lancer l’Index d’Adaptabilité des Compétences, qui positionne en tête les Pays-Bas, le Royaume-Uni et le Canada. La France prend la 7ème place du classement (sur 11 pays étudiés).
Michael Priddis, Managing Director, BCG Digital VenturesB&T Magazine
DAZE Melbourne 2015: You and .AI. Man, Machine, & the Future of Work: How Technology will Transform your economy, your workplace, and your child's role in it.
Similar to Help Wanted: Bridging the Gap in Today’s Skill Lacking Economy (20)
While companies like Walmart and Home Depot make headlines as bellwethers of the U.S. economy, small businesses create more than 60 percent of new jobs.
That’s why tracking the progress of small firms is so important to us.
We know companies are a big driver of the economy, but just how much do small businesses contribute to hiring, growth, innovation?
The infographic below takes a look under the hood of the small business economy to show you just how much small businesses contribute.
Source: http://blog.surepayroll.com/how-small-businesses-drive-the-economy/
Like most large, metropolitan cities, the people who live and work in Washington, D.C., are a diverse and growing mix. Since 2010, its population has increased 7.4 percent. The average age is 33.8 years and the average life expectancy is 77.5. On a daily basis, D.C. residents are exposed to a wide range of interconnected health concerns — from crime and hunger, to substance abuse and HIV.
According to GMAC data, 96 percent of MBA graduates rate the value of their degree as outstanding, excellent or good and would recommend a graduate management education to others. Three out of four graduates say they could not have obtained their current job without their graduate business education.
Source: http://onlinemba.unc.edu/mba-at-unc-blog/mba-roi/
The report states that if obesity rates in states rise as anticipated, the number of serious diseases suffered by Americans could soar. These include type 2 diabetes, heart disease, stroke, hypertension and arthritis. So where does this really leave us? If obesity is already a public health epidemic where will it be in 20 years?
tories of state governments' activities don't ascend to the national stage that often, but when they do they tend to be pretty interesting. We researched 50 fascinating facts from state governments across the country. Can you guess which state allows the legally blind to receive permits for gun purchases? Or what state bans lobbyists from giving politicians college football tickets? You'll have to keep reading to find out.
Source: http://onlinempadegrees.com/what-is-your-state-government-known-for/
Design: oBizMedia.com
Women make up 33% of the legal profession. But are they really equal to men? Do they make the same amount as their male counterparts? Are they offered the same opportunities to advance in their careers? What are their reasons for leaving the industry?
Source: http://llminfo.com/women-lawyers-infographic/
Every few months an article comes out suggesting that the current generation of twentysomething Americans lack a competitive edge, feel entitled and are narcissistic. It is widely agreed that they are an unlucky generation in terms of their current economic situation and prospects. But what if in spite of this public perception and bad luck, or perhaps even because of it, the Millennials were actually the most generous, educated and civic minded generation since the Greatest Generation?
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Design by: http://oBizMedia.com
The stereotype of American entrepreneurial success has evolved beyond recognition. The 20th century image of a polished, suit-clad citizen making phone calls or knocking on doors has made way for the uniform of the 21st century: a hoodie, faded jeans, and a laptop computer. Welcome to the Age of Startups.
Publisher: http://www.mbaprograms.org/infographics/startup-primer.html
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Homeowner's Guide to Saving Money, Energy and The EnvironmentInfographic World
Ask any homeowner and they’ll tell you that owning a home isn’t easy… or cheap. But, that doesn’t mean you have to spend an outrageous amount of money to own and maintain your home. There are many things you can do to cut down your energy usage, which not only helps save you money but also the environment
From using the right appliances in your home to switching to double-pane windows, our guide will show you just how easy it is to save money and cut your overall energy usage at the same time. Source: http://bit.ly/1jLmY7D
Big Data and Higher Education originally appeared on datascience@berkeley and was produced in conjunction with the launch of Education and Skills 2.0: New Targets and Innovative Approaches, a new book from the World Economic Forum's Global Agenda Council on Education and Skills.
To help you navigate the plethora of young adult books out there, both classic and contemporary, we've put together another awesome guide--The Young Adults Summer Reading Flowchart!
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Five major US cities including Chicago, New York City, Boston, Washington, DC, and San Francisco have the largest, most extensive public transit systems in the country. To gain a better understanding of the history and scope of each city and its public transportation system, MPA@UNC, the online mpa degree, has created a visualization to show how millions of Americans travel daily via mass transit—Let’s Take a Ride: 5 Largest US Public Transit Systems.
In this infographic, datascience@berkeley has collected some real-life examples to help explain the scope of data. They've also provided a timeline of hard drive innovation and a glimpse at where the data storage industry is heading. Source: http://datascience.berkeley.edu/big-data-infographic/
Employment in nonfarm private small business payrolls rose 71,000 in July on a seasonally adjusted basis, accounting for 40% of employment gains across all payroll size groups. Within small businesses, 56% of the employment growth contribution was associated with companies having between 1-19 employees.
How google glass could revolutionize the medical industryInfographic World
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The ADP National Employment Report, created by Automatic Data Processing, Inc. (ADP®), in partnership with Macroeconomic Advisers, LLC, is derived from actual payroll data and measures the change in total nonfarm private employment each month. The estimated gain from July to August was revised up slightly from the initial estimate of 163,000 to 173,000.
Help Wanted: Bridging the Gap in Today’s Skill Lacking Economy
1. http://mckinseyonsociety.com/downloads/reports/Education/Education-to-Employ
ment_FINAL.pdf
http://nist.gov/mep/upload/Bridging-the-Skills-Gap_2012.pdf
Created by oBizMedia
SOURCES
It is the point at which an organization can no longer
grow or remain competitive because it cannot fill critical
jobs with employees who have the right knowledge, skills,
and abilities.
ACCORDING TO A 2012 ASTD MEMBER SURVEY
5%: increase in respondents that indicate
there is a skills gap in their organization
between 2009 and 2012
84% of respondents indicated that there
is a skills gap in their organization
Worldwide, young people are three times more likely than their parents to be out of work
Potential shortage of workers in 2020:
of US employers say lack of skills is
a common reason for entry-level
vacancies
Middle-skill:
Highly specialized
mechanical, technical,
and production
careers that may
require industry or
government
certification but not
necessarily a
bachelor’s degree
The manufacturing
industry has shrunk
by 1/3 its size during
the last decade–losing
nearly 4 million jobs.
forecasted growth for non-residential construction
projects by 2015 – such growth has serious
implications for the availability of skilled
construction workers
“Skilled green workers are hard to hire for” (According the MHC’s 2012
Construction Industry Workforce Shortages Report)
Automation has transformed
factories and altered necessary
skills for operating and
maintaining equipment.
Top 3 Factors Contributing to
Construction Skills Shortage:
According to ASTD:
IMPACT ON GREEN SKILLS JOB MARKET
INDUSTRIES WITH GROWING HIGH-SKILLS GAPS
According to Deloitte’s report, Boiling Point?
The skills gap in U.S. manufacturing
of surveyed U.S. manufacturing
executives report a moderate to severe
shortage of available, qualified workers
anticipate the shortage of available,
qualified workers to grow worse in the
next three to five years
of architecture/engineering firms
agreed with the above statement
High-skills: STEM fields
(science, technology,
engineering, and math)
require at least an
undergraduate degree
Businesses that rate the aggregate skill levels of their
IT staff as less than optimal
IT employers that indicate that there is
an overall skills gap among employees
*Soft skills: communication, collaboration, creativity, and critical thinking
executives: said that soft skills are important to
support business expansion
Skills of the workforce
don’t match company
strategy, goals, markets,
or business models
Lack of bench strength in
the company’s leadership
ranks
Less of an investment in training/lack of
support for employee learning and
development in training/lack of support for
employee learning and development
“The main reason students drop out is that the course of study is too difficult”
½: those above are enrolled in curricula that prioritize those techniques
Lead to more long-term
and permanent
joblessness
Greater polarization
of incomes
between high- and
low-skilled workers
Millions of low-skilled
workers will be trapped
in subsistence agriculture
and urban poverty
9 TIMES HIGHER:
the income gap between the top
10% and the bottom 10%
1/4 of youth do not make a
smooth transition to work
36%:OECD Country’s employers
reported that a lack of skills caused
“significant problems in terms of cost,
quality, and time” or worse
Slow their climb
into higher
value-added
industries
“New graduates are adequately prepared for entry-level positions”
HIGHEST RANKED AREAS FOR SKILLS GAPS: (ACCORDING TO AN ASTD MEMBER SURVEY)
According to a survey conducted by the American Management Association:
of general contractors agreed
with the above statement
WHAT IS A SKILLS GAP AND WHY DOES IT EXIST?
WHAT ARE THE BIGGEST GAPS?
increase in job openings in one year
MIDDLE- AND HIGH-SKILLS JOBS HAVE THE LARGEST GAPS
ACCORDING TO A.S.T.D’S MEMBER SURVEY:
Growing Middle-Skills Industries Facing Job Shortages:
Manufacturing Construction Healthcare
RETIRING WORKERS IMPACT OF THE
RECESSION
INSUFFICIENT PIPELINE
OF NEW WORKERS
Nuclear Industry:
LEADERSHIP AND EXECUTIVE SKILLS
MANAGERIAL AND
SUPERVISORY SKILLS
PROFESSION- OR
INDUSTRY-SPECIFIC SKILLS
ADVANCED ECONOMIES DEVELOPING ECONOMIES
SKILLS GAPS CAN TRANSLATE INTO:
Slower growth Form a barrier to
middle-income jobs
Lost productivity Create an inability
to compete and
expand
High on-the-job
training costs
Compromise industry’s
ability to build a
pipeline of workers
HelpWantedBRIDGING THE GAP IN TODAY’S SKILL
LACKING ECONOMY
he growing gap between the market places’ current
skills and the future capabilities of the marketplace
to meet the needs for future development is what is
being called the Skills Gap. Organizations and
companies in the US and across the globe are noting this
every widening gap. Even more disturbing is the large
unemployment rate still plaguing the US and other
economies. The skills gap, if left unchecked, will have
lasting effects on business, the economy, and the world
at large.
T
TOP REASONS FOR THE SKILLS GAP
IMPACT OF THE SKILLS GAP
INFORMATION TECHNOLOGY INDUSTRY According to ComTIA:
MANUFACTURING INDUSTRY
UNEMPLOYMENT AND WORKER SHORTAGE
The American Society for Training & Development
(ASTD) defines a skills gap as:
“A significant gap between an
organization’s current capabilities and
the skills it needs to achieve its goals.”
Despite vast unemployment of the world's
youth, there is still a critical skills shortage
across the globe.
75 million young people around the
world are unemployed (According to the
International Labour Organization)
(According to the McKinsey Global Institute June 2012 report, The world at work: Jobs, pay, and
skills for 3.5 billion people)
High-skills workers - 13%
of the demand
Middle-skills workers - 15%
of the demand
Low-skills workers - 10% of the demand
MILLION MILLION MILLION
38-40
45%
90-9545
.7MILLION
Despite a slight decrease
in unemployment and a
slight increase in the
number of job openings,
employers struggle to find
skilled talent
67% 56%
CONSTRUCTION INDUSTRY
ACCORDING TO AAR CORP’S THE MID-SKILLS GAP IN MIDDLE AMERICA
SOFT SKILLS SHORTAGE
ACCORDING TO MCGRAW-HILL CONSTRUCTION (MHC)
73%
86%
91%
MASS OF RETIRING EMPLOYEES
DEFICIT OF TRAINING
PROGRAMS
GROWING SKILLS GAPYOUNG WORK-FORCE'S WANING
INTEREST IN THE FIELD
+ + =
15+ MILLION 91%
9OF10
executives: rated their employees as above average
in soft skills
4OF10
US students believe their postsecondary studies (post-high
school) improved their employment opportunities44%
of youth and employers believe the above statement is true
50%
of education providers believe the above statement is true
72%
of education providers believe the above statement is true
39%
of youth say the above statement is true (affordability is
cited as the main reason)9%
Education providers that report they are able to estimate
the job-placement rate of their graduates67%
Education providers over estimate the job-placement rate of
graduates compared with what was reported by youth20%
Youth say that on-the-job training and hands-on learning
are the most effective instructional techniques60%
International Graduate Destination
NoGRE.com
1/3
$
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